GOLD: Outlook for Gold still remains higher despite its marginal higher close the past week. Further strengthen is expected to recapture the 1,576.20 level, its 2011 high where a break will resume its long term uptrend and open the door for more gains towards its psycho level at 1,600 and then the 1,650.00 level. Its weekly RSI is bullish and pointing higher suggesting further strength. On the downside, support resides at the 1.526.26 level, its May 11’2011 high where a reversal of roles as support is likely to occur but if that fails to materialize, further weakness will occur towards the 1,470.00 level and then the ... (full story)